- Victory Battery Metals ( OTCPK:VRCFF ) announced a private placement financing of up to 12.5M units at a price of $0.08 per unit for aggregate gross proceeds of up to $1M and a concurrent placement of flow through units for additional gross proceeds of up to $1M.
- Each unit will be comprised of one share and one share purchase warrant.
- Each Warrant entitles the holder to purchase one additional share at a price of $0.12 per share for a period of two years.
- The company intends to complete a concurrent private placement of up to 6.67M units for aggregate gross proceeds of up to $1M.
- The flow through units will be subject to a four month and one day hold period following the closing date.
For further details see:
Victory announces $2M private placement